3605 240th StPortsmouthIA51565
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Portsmouth at 3605 240th St, Portsmouth, IA, 51565 uses $120,998 cash to close to unlock $9,228/yr annual cash flow and $769/mo monthly cash flow. Total monthly income runs $3,139/mo, and a $1,786/mo payment keeps the spread at $769/mo. Purchase price stands at $365,000, and rental yield measures 10.32% with $3,139/mo rent. Return on cash invested shows 27.54% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 144.13% and total cumulative return in cash records $174,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,139/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51565, Portsmouth, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 220 (100%) |
| Owner Occupied HU | 173 (78.6%) |
| Renter Occupied HU | 38 (17.3%) |
| Vacant Housing Units | 9 ( 4.1%) |
| Median Home Value | $239,063 |
| Average Home Value | $253,598 |
Housing Distribution
Address Breakdown
Residential
114
Single Family
114
Multi-Family
0
Businesses
11
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Listed by: Samantha L Peckham • Real Broker LLC
Mls Name: SWIAR
Mls ID: #25-2444